(THE GIST OF PIB) National Skill Development Corporation (NSDC)

(FEBRUARY-2025)

The National Skill Development Corporation (NSDC) recently announced 50 new future skills centres and 10 international academies as part of the expansion of its skilling footprint across India and advanced skill development and training programs.

NSDC, established in 2009, is a not – for - profit company set up by the Ministry of Finance, under Section 25 of the Companies Act, 1956.
It aims to promote skill development by catalyzing the creation of large, quality, and for-profit vocational institutions.
Its mandate is also to enable a support system which focuses on quality assurance, information systems, and train the trainer academies either directly or through partnerships.
NSDC acts as a catalyst in skill development by providing funding to enterprises, companies, and organizations that provide skill training.
It also develops appropriate models to enhance, support, and coordinate private sector initiatives.
The present equity base of NSDC is Rs. 10 Crore of which the government of India, through the Ministry of Skill Development & Entrepreneurship (MSDE), holds 49%, while the private sector holds the balance 51%.